Kiley Juergens Wealth Management LLC Sells 193 Shares of Caterpillar Inc. (NYSE:CAT)

Kiley Juergens Wealth Management LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,410 shares of the industrial products company’s stock after selling 193 shares during the period. Caterpillar makes up approximately 1.7% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 14th largest holding. Kiley Juergens Wealth Management LLC’s holdings in Caterpillar were worth $6,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $34,000. Fairscale Capital LLC purchased a new position in Caterpillar in the second quarter worth $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar in the third quarter valued at $36,000. Kimelman & Baird LLC raised its position in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Caterpillar stock opened at $386.03 on Tuesday. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.91 and a beta of 1.13. The stock’s 50 day simple moving average is $380.09 and its two-hundred day simple moving average is $367.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the previous year, the company earned $5.52 earnings per share. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. Caterpillar’s payout ratio is 26.15%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Truist Financial dropped their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Robert W. Baird lifted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $380.60.

Insider Activity

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.